Do You Consider Inventory Management to be a Cost Item, or a Competitive Advantage?
The Aberdeen Report states, “The truly visionary companies are leveraging their inventory as a competitive weapon and using it to hedge the demand. They use inventory to optimally position supply when and where it is most needed and most profitable. By performing segmentation of their customer channels and products, these companies are able to attain significantly higher return on assets than their competitors.”
Carrying extra inventory, especially for extended periods of time, can quickly eat away at margins. Use our Inventory Management Benchmark as a tool to assess your needs and see where your inventory management strategies measure up against the industry‘s Best in Class.